New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-09-02
STATEMENT OF ILLINOIS RAILWAYS.

THEY SEEM TO BE IN A BAD wAY-oNLY EIGHT
ARE MAKING ANY MONEY.
SPRINGFIELD, III, Sept. 1.-Out OF the fftyour rail-
roads in this State about fifty represented ct the
meeting of the Railroad and Warehouse Commissioners
In this city to-day. The managers OF
the various roads held meeting last
night, which report was prepared to
be submitted 70 the commissioners on behalf OF the
roads, The report states that the commssonerS report
shows that the income from oil railroads In illinois, from
their business both in the State and out OF
the State, was barely sufficient. after deduc,ing
operating expenses. rentals and interest on
bonds to pay 10 per cent all the capital invested
Two OF the commodities grain and coal upon which the
stitute SO per cent OF the total tonnage.
Eleven railroads out Of fy-four reported paid divt
abled TO pay from the proceeds OF the leases The
eight other roads which paid dividends have MILEAGE IN
or 6I per cent which made no returns shareholders
The eight companies which paid dividends own ana
for the aid rendered by this outside mileage
1t is Questionable whether these npanies would be able
eight companies paid only interest their bonded
debts and rentals. Eleven railroads. having mileage
taxes and rentals and FOUR with mileage Of miles
did not earn running expenses Twelve railroads were
The railroad officials explain the discrepancies. existing
between tho state and interstate rates by the statement
that those rates are made by irresponsible and bank
ruped lines making short cut across the state 10 lnd
have esns s
lines running north and south through the State.
THREATS FROM THE Pennsylvania ROAD.
The vexed question of elevating the Pennsylvania
Railroad tracks Jersey City has reached such point
that be speedily settled way or the other
A few weeks ago tho Pennsylvania Railroad Company
made formal application to tae Board OF Public WORKS
for permission to elevate the tracks, and also for the
vacation OF Greenst The Board took no action In the
matter. and the company has now decided IL Is said.
that unless immediate action Is taken 1t will change the
ferries from Exchange place to the present freight ter
minus Harsmus Cove the tracks leading 10 wlcn arc
already elevated and use the present passenger tor
ont this purpose tho principal business street Of city
would be ruined ,
TRBUSE re porter was assured last night by promi:
city official that tho company has no Intention OF
making any permanent change In the location OF inc
fsrre. II they permission to elevate the tracks
sinus Cove for tho OF their train pas
while the work Is being DONE and hey are usnx
that coercive measure on the city authorities anu
the interested property-ownsrs
REyIvING RUMORs OF Mr. FINKS RETIREMENT.
Tho Chicago dispatch announcing the intention OF Al
bert Fink to resign his position as Commissioner OF the
Trunk Line Association upon his return from Europe Is
not credited by Mr. Fnks friends here. They say that
he EXPRESSED such intention prior TO his departure
Its we'll known in railroad circles however that
Mr. Fink has long been anxious 10 lay ASIDE the duties Oh
tryng keep the railroads up 10 their agreements
the roads supposed 10 need tho services OF COM
missioner to maintain order Before r RINK started on
formally discussed and It Is among the possibilities that
this fall the old pool Office may be reduced TO mere
clerical bureau for the gathering and Keeping or STATS
tics. Nothing will be done In this matter however uh-
Ill the various trunk line magnates return frrm Europe
the American places OF resort where they nave been
recruiting wasted vitality. Mr. Fink has only consented
hold his ofce for few years past at the earnest
solicitation OF the railway presidents and he doubtless
would glad 10 retire altogether from the place no mas
nllcd with credit anu honor